Pollock and Brancusi, estimated at $100M each, power Christie's spring auctions | Paraluman News

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[00:00:00]The art world is placing a massive bet on blue-chip names this spring.

[00:00:05]Christie's New York is rolling out works from the late Conde Nast owner S.I.

[00:00:09]Newhouse. The estimate for each of two top lots, $100 million. First, Jackson Pollock's number 7A, 1948.

[00:00:20]11 ft of explosive drip painting. Art critic Harold Rosenberg called it action painting, a complete reinvention of easel painting.

[00:00:29]Then, the opposite of chaos.

[00:00:32]Constantin Brancusi's Denied from 1913.

[00:00:36]Polished, mythical, and perfect.

[00:00:38]Christie's calls it one of the most important sculptures they have ever offered.

[00:00:43]The Newhouse collection includes 16 lots total. A Picasso sculpture estimated at 40 to 60 million.

[00:00:51]A Rothko at 80 million dollars. And early Lichtenstein works where the famous Ben Day dots are still visibly hand-painted and imperfect. Other highlights include Gerhard Richter's Candle, estimated at 35 to 50 million, and works by Cy Twombly. In spite of the volatility of the you know, world events, um, this has been the if not the greatest, the the one of the greatest first quarters we've had in the company's history from American paintings through musical instruments through Islamic art through a Michelangelo drawing of a foot. Each category has set records for the first quarter of this year including, um, our our March sales, um, in this 20th and 21st century arts, we feel great optimism. The sales run in New York through May 21st.